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Inderes’ Disclaimer can be found here. Detailed information about each share actively monitored by Inderes is available on the company-specific pages on Inderes’ website. © Inderes Oyj. All rights reserved.

Regulatory press release

NOL: Changes to the Board composition

Northern Ocean
1 June 2026 - Hamilton, Bermuda 

Northern Ocean Ltd. ("NOL") announces that Jan Erik Klepsland has informed the
Company of his resignation from the Board of Directors with immediate effect.
The Board of Directors would like to thank Jan Erik Klepsland for his valuable
contributions and dedicated service to NOL over the years and wishes him all the
best in his future endeavours.

At the same time, NOL announces the appointment of Adrian Geelmuyden as a
Director.

Mr. Geelmuyden is employed as an Investment Director with Seatankers Management,
and has previously held positions in Solstad Offshore, Deep Sea Supply and RS
Platou. Adrian is currently also a Director of Edda Wind, DOF Group ASA and
Archer Ltd. He holds a BSc in economics from the Norwegian School of Economics
and Business Administration.

For inquiries, please contact:

Arne Jacobsen, Chief Executive Officer: +971 55 639 0860
Jonas Ytreland, Chief Financial Officer: +47 994 65 550
ncial Officer: +47 994 65 550\